Marksmen Announces Drilling and Completions Update
June 09 2014 - 8:01AM
Marketwired
Marksmen Announces Drilling and Completions Update
CALGARY, ALBERTA--(Marketwired - Jun 9, 2014) - Marksmen Energy
Inc. (TSX-VENTURE:MAH) ("Marksmen" or the "Company") is pleased to
announce that Marksmen and its Joint Venture Partner, Houghton
Investments LLC, completed the third well of its drilling program
on June 6, 2014. The well was drilled to total depth on May 28,
2014. The completion process included setting of production casing,
perforating in the targeted Cambrian Knox formation, and acidizing
of the well. During the completion process the well flowed oil to
surface. The well will be tied-in and put on production in the next
few days. Marksmen has a 100% working interest before payout and a
90% working interest after payout in this well.
Marksmen will commence drilling operations on its fourth well
today and it should take approximately two weeks to drill, complete
and tie-in. Completion work including perforating and acidizing on
the second well drilled to total depth in the targeted Cambrian
Knox formation in late May will be completed early this week.
The Company has applied for drilling permits on an additional
seven well locations. A drilling schedule has yet to be determined.
Further information will be released as it becomes available.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
This news release may contain certain forward-looking
information and statements, including without limitation,
statements pertaining to the Company's drilling plans and
operations. Oil and gas shows and oil circulated to surface are not
an indication that the Company's Ohio properties contain any
reserves or resources or that there will be commercially viable
production from those properties. All statements included herein,
other than statements of historical fact, are forward-looking
information and such information involves various risks and
uncertainties. There can be no assurance that such information will
prove to be accurate, and actual results and future events could
differ materially from those anticipated in such information. A
description of assumptions used to develop such forward-looking
information and a description of risk factors that may cause actual
results to differ materially from forward-looking information can
be found in Marksmen's disclosure documents on the SEDAR website at
www.sedar.com. Marksmen does not undertake to update any
forward-looking information except in accordance with applicable
securities laws.
Marksmen Energy Inc.Archie NesbittPresident, Chief Executive
Officerand a Director of the Company(403)
265-7270info@marksmen.ca
Marksmen Energy (TSXV:MAH)
Historical Stock Chart
From Oct 2024 to Nov 2024
Marksmen Energy (TSXV:MAH)
Historical Stock Chart
From Nov 2023 to Nov 2024